Seniors have more health insurance options than ever before. Arkansas Medicare Advantage Plans are one of those options. When you enroll in Medicare Advantage you are trading your Original Medicare benefits for private health insurance available in Arkansas.
Be aware that plans vary by where you live. Medicare Advantage options are typically HMO or PPO plans that use hospital and doctor networks to provide care.
Who Can Enroll in a Arkansas Medicare Advantage Plan?
Most people living in Arkansas, age 65 and older, qualify to enroll in Medicare Advantage. An exception is a disqualifying illness, such as End-Stage Renal Disease (ESRD).
You can join or switch plans during a Medicare Election Period. For most people, the Annual Election Period (AEP), which starts on 15 October and ends 7 December, is the time they update their enrollment.
There’s also an Individual Election Period (IEP) that you can use once. Your IEP is based on your 65th birthday. It starts the month before and ends the month after, so you have plenty of time.
You have three different enrollment options. You can call a plan directly. This makes for quick and easy enrollment if you already know the plan you want.
The second way is to go to www.Medicare.gov and enroll through the government website. From there you can look up your medications, compare plans, and get your application started online.
An independent health insurance agent is the third option. This is the best way to go if you need someone to help advise you. Most local agents represent multiple insurance products, giving you plenty of options.
Arkansas Medicare Advantage Plans vs. Original Medicare with a Medicare Supplement
If you are concerned that a Medicare Advantage plan could be inconvenient or limit your services, there is another way to get full coverage and lower your out-of-pocket costs. You also have the option to hold on to your Original Medicare PFFS benefits and upgrade your coverage with Arkansas Medicare Supplement Insurance and a Arkansas Medicare Part D Plan (for help with your prescription drugs).
If you’re not familiar with Medigap policies, and how they protect you from medical care liability, please review our Arkansas Medigap Plans page. All Medigap plans are standardized. That means you can chose the plan you need based on best price without worrying about the benefits.
About Our 2015 Arkansas Medicare Advantage Plan Information
The healthcare insurance information provided on MedicareWire.com is derived from data files published by the U.S. Centers for Medicare and Medicaid Services (CMS). Although we do our best to regularly update our databases, we are not able to ensure the exactness of the information. You must consult with a licensed insurance agent to get an exact quote for your situation.For additional, helpful information, visit CMS on the web at http://cms.gov. This page was last updated on 9/13/2015.